Member Info for dc2_

You purchase brought a little xmas cheer - hope I have not jinxed it

You had me confused there for a minute SAAS or SAAS? One would hope that they at least make the broker target. My worry is the debt repayments - it is not that I don't think they can meet the terms, just it is a large monthly outgoing. I do think they will make a profit, but I think they may be reducing BoD costs in order to achieve it (not that I am complaining about reducing the board).

I would like SAAS (Microlise) to put an offer in, I haven't seen any news from them regarding any other buy outs, so this still remains a possibility.

agreed, 10 percent just seems a bit harsh...that said, it has been a good year percentage wise, so I mustn't complain.

Have a good xmas all

This does not look great....hopefully no bad news coming

Did I miss this? SOCOTEC is a huge company....

https://www.linkedin.com/posts/trakm8_fleet-news-december-2021-activity-6877561614116102144-k6jZ

"The article also covers how Trakm8 customer SOCOTEC UK have introduced initiatives such as installing #Telematics to help reduce engine idling across their fleet. "

Hasn't helped the share price but they did pick up an award.

https://www.linkedin.com/posts/trakm8_whatvanawards2022-telematics-activity-6874993225879306240-MI3E

You may be right but and yes Trak is lagging - but it is still here. Mansfield may or may not have been the driving force for change but the company appears to have changed for the better whilst he was there. I guess it is all about how you look at things - you think he was not great and had to go, I think he did his job but annoyed JW et al and had to go. Neither of us will ever really know - all I care about is the company is starting to show positive signs of improvement. It would be good to get a good ROI on this given the time I have put in to it.

I think there is just no visibility of the company. I think they are working on it.

On a different note Peter Mansfield updated his LinkedIn yesterday - he does not appear to have gone anywhere (perhaps he is on garden leave) - he is more active suggesting he is looking (but I am not him so have no idea). I suspect he did his job and has turned Trakm8 around i.e. job done

Re Scottish Power, I found this... https://www.mixtelematics.com/utilities/ - under recent contract wins.

wish they would chop some of the BoD bloat.....

cheers - I guess that could be a cleaning out of Mansfield old guard. Although, redundancy implies the job is no longer required.

Is there a link? I am not doubting you, just interested in what area we are talking. They have increased their job vacancies recently (ok, only 4)

Yes, another Covid disruption (especially driving tests) will not be good.

I agree about the board not being responsive to questions......and the piggy bank view point.

I don't necessarily have a problem with them breaking even. However, this needs to be because they are developing/growing/investing and not because their general overheads consume the profit. I think, but do not know, they are targetting the insurance sector agressively and this is where the money is being spent. Hopefully, they will get a good ROI - although as it was pointed out in another post - whatever happened to SmartBreakdown and the AA.

My biggest worry is that they are now repaying the loans c185K per month from memory, where before they did not have this overhead - and of course, any outstanding HMRC stuff.

I can see that it is tempting to sell some shares but I do have faith that this is a turn around story or a buy out. A gamble that I am willing to take.

No idea, I know there was a succession of the top guy recently (and if you don't watch Succession on NowTV I think you are missing out on life). Tongue in cheek, perhaps they made the wrong call not investing in the insurance market ;o) But seriously, it does like quite a drop in the last few days (and before).

I know this isn't the QTX thread but boy is it dropping. I hope it does not drag us down with it.

New article, not sure the information is new but things like

"Trakm8, the provider of technology solutions for insurance telematics, connected car data and fleet management, has launched a portfolio of ‘connectedcare’ services that work alongside its driver data analytics to give insurers a more detailed insight into their customer’s vehicles, enabling them to further understand and manage individual risk profiles."

are encouraging.

https://iotnowtransport.com/2021/11/24/80707-connectedcare-solution-offering-detailed-vehicle-insights-is-helping-insurers-manage-individual-risk-profiles/

Ok, I assumed we only asked questions for the AGM but perhaps these two questions impossible questions......

1) Are they looking to recruit a new director to replace Peter Mansfield, or will this form part of a cost cutting exercise and if so, why did Peter need to be on the board in the first place if Paul Wilson, who seems to have assume Peter's work, has not been placed on the board? Did Peter's role extend to being a major contributor to turning around the company and the BoD feel this has been largely achieved - hence why Paul does not merit the board position?

Admittedly, the TU was ambiguous, but Paul Wilson is not listed on the board (https://www.trakm8.com/investors/company-information/board-members/).

2) Should we be concerned that two important directors have left in quick succession?

What do you have in mind?

Perhaps it is the release of new options (albeit not many) at a strike price of 27p